Cable One (NYSE:CABO) Price Target Lowered to $240.00 at Wells Fargo & Company

Cable One (NYSE:CABO - Free Report) had its target price lowered by Wells Fargo & Company from $340.00 to $240.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

CABO has been the topic of several other reports. KeyCorp decreased their price target on shares of Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a research note on Friday. JPMorgan Chase & Co. decreased their price objective on Cable One from $480.00 to $470.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cable One currently has an average rating of "Hold" and a consensus price target of $457.20.

Cable One Price Performance

NYSE CABO traded up $11.82 during trading on Friday, reaching $254.07. 254,384 shares of the company traded hands, compared to its average volume of 105,290. Cable One has a 1-year low of $239.39 and a 1-year high of $475.00. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The stock's 50 day moving average price is $317.39 and its two-hundred day moving average price is $348.49. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 5.88 and a beta of 0.89.

Remove Ads

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date is Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is 229.57%.

Hedge Funds Weigh In On Cable One

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AlphaQuest LLC acquired a new stake in shares of Cable One in the 4th quarter valued at approximately $49,000. Sound Income Strategies LLC bought a new stake in Cable One in the fourth quarter valued at approximately $50,000. KBC Group NV boosted its position in shares of Cable One by 45.5% during the third quarter. KBC Group NV now owns 160 shares of the company's stock worth $56,000 after purchasing an additional 50 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Cable One by 201.8% in the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after buying an additional 111 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Cable One by 20.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company's stock worth $60,000 after buying an additional 29 shares during the period. 89.92% of the stock is owned by institutional investors.

Cable One Company Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.